10/10/2012 Live Update

[Al_Dente]

PAGING UEMPEL
BEIGE BOOK IS 2:00 ET
SAME TIME AS YR SIGNAL

[Seawaves]

no one post xiv chart?
seems showing some div with spx.

[uempel]

Good, SPX coming down to support again

[Cobra]

pullback as expected. now key time because this is the 2nd test of the day low, anytime revisit the previous extreme, there's a chance of reversal.

[Harapa]

Good, SPX coming down to support again

At the moment VIXies still favor Bears in both ultrashort and short/intermediate term time frames. Good luck with 2'o clock signal.

[Al_Dente]

BEIGE BOOK
very bullish on housing
(bloomberg)

[MrMiyagi]

At this rate of descent, I expect a strong bounce tomorrow.

[uempel]

Good, SPX coming down to support again

At the moment VIXies still favor Bears in both ultrashort and short/intermediate term time frames. Good luck with 2'o clock signal.

Thanks Harapa, what's ultrashort? 1 min chart?

[SB73]

Just in case you didn't know we have tools that can fix the economy

[Jack12]

Just in case you didn't know we have tools that can fix the economy

F15 and a M16?

[Harapa]

Good, SPX coming down to support again

At the moment VIXies still favor Bears in both ultrashort and short/intermediate term time frames. Good luck with 2'o clock signal.

Thanks Harapa, what's ultrashort? 1 min chart?

yes.

[SB73]

Just in case you didn't know we have tools that can fix the economy

F15 and a M16?

that is all it takes because the monetary tools have goosed the market, but little else. It has been fun profiting in the market.

[Jack12]

Just in case you didn't know we have tools that can fix the economy

F15 and a M16?

that is all it takes because the monetary tools have goosed the market, but little else. It has been fun profiting in the market.

unfortunately fiscal stimulation does not reach the bottom 10% of the people who that would stimulate the economy

[Cobra]

higher low, it's a good sign.

[uempel]

Tick MA on the 1 min didn't rise above the 0 line - chart by Al_Dente

[SB73]

Just in case you didn't know we have tools that can fix the economy

F15 and a M16?

that is all it takes because the monetary tools have goosed the market, but little else. It has been fun profiting in the market.

unfortunately fiscal stimulation does not reach the bottom 10% of the people who that would stimulate the economy

I totally agree. I have a brother that makes about 35k per year and has a small stock portfolio as you can imagine. Gains in the portfolio have been absolutely destroyed by monetary policy which has agressively pushed up food and energy prices. Oh and by the way, raises are just not dished out right now that offset the inflation in food energy and obamacare.

[Al_Dente]

AAPL
“…we not only concluded it's still a buy. We came up with a spread that has the potential to turn $3,000 into $45,000 between now
and Jan 2015 IF AAPL holds $600...
... This plan is dependent on AAPL holding $600 and I'd avoid selling calls on earnings weeks, when you are most likely to get burned...”

[caveat: not a recommendation; kool-aid only]

http://www.zerohedge.com/contributed/20 ... e-you-read

[MrMiyagi]

QQQ

[Al_Dente]

Tick MA on the 1 min didn't rise above the 0 line - chart by Al_Dente

58.png

u luv that ticky
I added a 21ema on top of it in red as it responds a bit quicker (courtesy esseme); try it.
Both blue guideline and red 21ema still bear below zero line
But nydec dropped to 1890

[uempel]

There is a second signal today, approx 3:30 p.m.